Matt,
Working on CTIG info - here's some preliminary research and links.
Annual trading price history.
stocksite.com
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Profile - Note the O/S and low float.
stocksite.com
Excerpt from Latest NT -10K filed June 30, 1999
Reason for filing NT-10k Was a change in auditors. No dispute with former auditor they no longer handle BB:OTC companies. CTIG just hired Delotte and Touche to do their Audits. See excerpts below.
On March 17, 1999, Zelenkofske Axelrod and Co., CPA's Inc. resigned as the
principal independent accountant of the Company. As was disclosed on a Form 8-K
filed on March 30, 1999, there were no disagreements between Zelenkofske Axelrod
and the Company.
On June 28, 1999, the Company engaged the accounting firm of Deloitte &
Touche LLP to be the Company's independent accountants and to conduct an audit
of the Company's consolidated financial statements for the year ended March 31,
1999.
Due to the date the Company engaged Deloitte & Touche LLP, and the
additional time necessary for newly engaged accountants to audit financial
statements, there has not been sufficient time for the audit to be completed
prior to the due date for the Company's Form 10-KSB.
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Except from exhibit A in NT-10k Revenues to be Reported.
Exhibit A
Explanation of significant change in results of operations.
Revenues from operations increased $3,444,306 to $7,043,026 for the fiscal year
ended March 31, 1999, as compared to the prior year period. This increase in
revenues is due primarily to the inclusion of one full year of operational
activities for the year ended March 31, 1999 of the acquired operations of
Databit Ltd. during fiscal year ended March 31, 1999 versus approximately two
months of operations activity during fiscal year ended March 31, 1998.
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Comments: Looking at the annual trading pattern it appears CTIG has had a high of .56 and a low of a dime. It seems to roll higher on any volume and doesn't spike often up or down (fairly stable) on generally low volume. I also noticed from reading older 8k's that they were using a post office box for their address in the past. Now they are using an address. The profile also shows that there was some legal stuff going on last year. This appears to be settled and is not being reported as of the last 8k.
This is all I have had time to do. My first post to you but thought I owed you one since I just started to get the club letter. Being a holiday weekend I won't try to call the company for anything more substantial till next week.
Regards,
Kevin
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